With the United States Presidential election on the horizon, the number of aspirants now accepting crypto and Bitcoin campaign donations is increasing; with numbers exceeding those of the 2016 and 2018 elections. This comes as no surprise with the recent attention and buzz around the cryptocurrency industry.
The latest entrant to the crypto donations campaign is Eric Swalwell; a fourth-term member of Congress from California who looks to boost his chances of winning by opening up his campaign to donations in six cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash, Stellar (XLM), Bitcoin SV (BSV) and White Standard token (WSD).
In his view, he hopes by offering crypto for funding, he will attract a younger crowd of millennial/youthful voters who statistics show are most interested in digital currencies and tech. Swalwell says:
Blockchain can change the world, if we let it. So much of our public life now exists online, and there’s no reason to believe we can’t extend this further into our democracy and our economy – from exercising our right to vote, to how we look at cryptocurrency.
Spreading Cryptocurrency Utility and Adoption
It will be recalled that another Pro Bitcoin candidate – Andrew Yang had begun accepting cryptocurrency donations as early as July 2018. In his campaign paper, he published a clear framework for cryptocurrency and blockchain technology, proposing solutions to promote innovation and clear regulation in the industry.
Mr Yang further affirmed his belief that blockchain should be a “big part of the U.S. future” should he become president by 2020.
In Russia, opposition leader Alexei Navalny raised $3 Million (591 BTC) in donations over the last three years. He is viewed by many citizens as President Putin’s main opponent and runs an anti-corruption Foundation which exposes erring government officials.
Back home, Alhaji Atiku Abubakar had during the last presidential election, indicated interest in cryptocurrency and blockcahin technology as he tendered financial policies for his intended government.
While this does not directly mean that these candidates are supporters or users of Bitcoin and other cryptocurrencies, it does however depict their openness to other forms of currency besides fiat.
Will U.S. President Donald Trump open his doors to also accept Bitcoin/crypto donations for elections? What impact would this have on adoption?